Haiti’s Lost Billions

Haiti’s Lost Billions

In 1910, Haiti’s national bank was re-established under new owners. A Parisian bank still owned the biggest share, but American and German banks took over the rest.

It may have been the national bank of Haiti, but Haiti didn’t own it.

Soon after, the national bank issued a new loan to Haiti on terrible terms, and often withheld money from the government, worsening the nation’s political instability.

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